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V3521-19 ·23 December 2019 ·consulta-vinculante Medium impact
Tax

Non-profit associations may apply capitalisation reserves if legal requirements are met

A non-profit association, not declared to be of public utility, inquired whether it could apply the capitalisation reserve and how to determine the R&D deduction base. The Directorate General for Taxes (DGT) responded that, as a partially exempt entity, it may apply said reserve and deductions provided that the regulatory requirements are fulfilled.

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2019-12-23PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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